Standard & Poor’s said it has raised the underlying rating on Taunton, Mass.’ general obligation debt to A-plus from A. At the same time, the agency assigned its AA-minus rating to Taunton’s GO Series 2010 municipal bonds, reflecting their participation in the state-qualified bond program. The outlook is stable.

“The upgrade reflects our assessment of Taunton’s maintenance of a strong financial position despite some recent drawdowns,” said Standard & Poor’s credit analyst Henry Henderson.

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